XRP/USDT: Fake Breakout Warning – Short Signal
Current Price: $3.28
After a rejection at key resistance, XRP is testing critical levels. Weak follow-through on the breakout suggests the potential for a pullback.
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Short Setup
📉 Short Entry: $3.25–$3.30
🎯 Targets:
1️⃣ $3.15 (initial support)
2️⃣ $3.05 (key breakdown zone)
3️⃣ $2.90 (extended target)
🔒 Stop Loss: $3.38 (above recent rejection)
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Why Short Now?
Weak Momentum: Failing to sustain above $3.30 signals buyer exhaustion.
Volume Divergence: Breakout lacked significant buying pressure.
Sentiment Shift: Sellers are gaining strength, increasing downside risk.
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Monitor closely and secure your capital. Stay tuned for updates and more expert insights!
